3M Health Information Systems, a division of
), recently introduced a simple to install and easy-to-use
Computer Assisted Coding (CAC) solution for rural and
community-based hospitals. The full CAC software application,
which is an add-on module to the 3M Coding and Reimbursement
System used in over 5,000 healthcare organizations across the
globe, is expected to be released by fourth quarter 2013.
The rural and community-based hospitals will be benefited by the
CAC solution as it reduces the need for interfaces to electronic
documentation sources, thus making it easier for clinical
documentation. This will help the hospitals to identify missing
information documentation, eventually accelerating the coding
process and generating accurate information. Thus, this new CAC
solution eliminates the process of manual coding and increases
productivity and efficiency.
3M remains focused on inventing new products and maintaining its
competitive advantage worldwide. The rise in the demand for such
innovative 3M product services is likely to augment its overall
revenues in the long run.
Together with its subsidiaries, 3M operates as a diversified
technology company with manufacturing operations across 70
countries worldwide. 3M Health Information Systems has 30
years of expertise and provides innovative software and
consulting services for computer-assisted coding and performance
monitoring with a focus on accuracy of electronic health
3M currently has a Zacks Rank #4 (Sell). Other stocks
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Compass Diversified Holdings
Hutchison Whampoa Ltd
), each carrying a Zacks Rank #2 (Buy).
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